Enact Holdings Etf Buy Hold or Sell Recommendation
| ACT Etf | USD 29.73 0.20 0.67% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Enact Holdings is 'Hold'. Macroaxis provides Enact Holdings buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ACT positions. The advice algorithm takes into account all of Enact Holdings' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Enact Holdings' buy or sell advice are summarized below:
Real Value 29.76 | Target Price 30.33 | Hype Value 29.73 | Market Value 29.73 | Naive Value 30.68 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Enact Holdings given historical horizon and risk tolerance towards Enact Holdings. When Macroaxis issues a 'buy' or 'sell' recommendation for Enact Holdings, the advice is generated through an automated system that utilizes algorithms and statistical models.
Enact |
Execute Enact Holdings Buy or Sell Advice
The Enact recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Enact Holdings. Macroaxis does not own or have any residual interests in Enact Holdings or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Enact Holdings' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
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Hold
Enact Holdings Trading Alerts and Improvement Suggestions
| The company has 758.95 M in debt with debt to equity (D/E) ratio of 0.18, which may show that the company is not taking advantage of profits from borrowing. Enact Holdings has a current ratio of 0.83, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Enact Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, Enact Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Enact Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enact to invest in growth at high rates of return. When we think about Enact Holdings' use of debt, we should always consider it together with cash and equity. | |
| About 82.0% of Enact Holdings shares are held by company insiders | |
| On 5th of April 2024 Enact Holdings paid $ 0.23 per share dividend to its current shareholders | |
| Latest headline from newswire.com: ACT Wins 2024 Stevie Award for Customer Service Outsourcing Provider of the Year | |
| The fund holds 99.42% of its assets under management (AUM) in equities |
Enact Holdings Returns Distribution Density
The distribution of Enact Holdings' historical returns is an attempt to chart the uncertainty of Enact Holdings' future price movements. The chart of the probability distribution of Enact Holdings daily returns describes the distribution of returns around its average expected value. We use Enact Holdings price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Enact Holdings returns is essential to provide solid investment advice for Enact Holdings.
| Mean Return | 0.10 | Value At Risk | -1.56 | Potential Upside | 1.85 | Standard Deviation | 1.23 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Enact Holdings historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Enact Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Enact Holdings is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Enact Holdings backward and forwards among themselves. Enact Holdings' institutional investor refers to the entity that pools money to purchase Enact Holdings' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Nuveen Asset Management, Llc | 2023-12-31 | 626.5 K | Bank Of New York Mellon Corp | 2023-12-31 | 538.1 K | D. E. Shaw & Co Lp | 2023-09-30 | 510.4 K | Two Sigma Investments Llc | 2023-12-31 | 458.7 K | Allianz Asset Management Ag | 2023-12-31 | 411.1 K | Jpmorgan Chase & Co | 2023-12-31 | 405.3 K | Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 395.8 K | Two Sigma Advisers, Llc | 2023-12-31 | 373 K | Prudential Financial Inc | 2023-12-31 | 370.5 K | Bayview Asset Management, Llc | 2023-12-31 | 4.4 M | Vanguard Group Inc | 2023-12-31 | 3.1 M |
Enact Holdings Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Enact Holdings or Insurance sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Enact Holdings' price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Enact etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.08 | |
β | Beta against NYSE Composite | 0.19 | |
σ | Overall volatility | 1.21 | |
Ir | Information ratio | 0.03 |
Enact Holdings Volatility Alert
Enact Holdings has relatively low volatility with skewness of -0.89 and kurtosis of 3.35. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Enact Holdings' etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Enact Holdings' etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Enact Holdings Fundamentals Vs Peers
Comparing Enact Holdings' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Enact Holdings' direct or indirect competition across all of the common fundamentals between Enact Holdings and the related equities. This way, we can detect undervalued stocks with similar characteristics as Enact Holdings or determine the etfs which would be an excellent addition to an existing portfolio. Peer analysis of Enact Holdings' fundamental indicators could also be used in its relative valuation, which is a method of valuing Enact Holdings by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Enact Holdings to competition |
| Fundamentals | Enact Holdings | Peer Average |
| Price To Earning | 5.66 X | 3.15 X |
| Price To Book | 1.01 X | 0.39 X |
| Price To Sales | 4.05 X | 0.33 X |
| Beta | 0.54 | |
| Annual Yield | 0.02 % | 0.28 % |
| One Year Return | (6.99) % | (0.97) % |
| Net Asset | 6.22 B | 2.29 B |
| Last Dividend Paid | 0.64 | 0.14 |
| Equity Positions Weight | 99.42 % | 52.82 % |
Note: Acquisition by Still Debra of 108 shares of Enact Holdings subject to Rule 16b-3 [view details]
Enact Holdings Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Enact . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 2552.85 | |||
| Daily Balance Of Power | (0.49) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 29.74 | |||
| Day Typical Price | 29.73 | |||
| Price Action Indicator | (0.11) | |||
| Period Momentum Indicator | (0.20) | |||
| Relative Strength Index | 43.31 |
About Enact Holdings Buy or Sell Advice
When is the right time to buy or sell Enact Holdings? Buying financial instruments such as Enact Etf isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
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In addition to having Enact Holdings in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Enact Holdings Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Enact Etf please use our How to Invest in Enact Holdings guide.Note that the Enact Holdings information on this page should be used as a complementary analysis to other Enact Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
The market value of Enact Holdings is measured differently than its book value, which is the value of Enact that is recorded on the company's balance sheet. Investors also form their own opinion of Enact Holdings' value that differs from its market value or its book value, called intrinsic value, which is Enact Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Enact Holdings' market value can be influenced by many factors that don't directly affect Enact Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Enact Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if Enact Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enact Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.